[BBC News with] Iain Purdon
There's been a
roller-coaster
day of trading in shares in the social networking site Facebook after one of the world's biggest ever business floatations. Facebook shares jumped by more than 10% within minutes of making their stock market
debut
on New York's Nasdaq exchange, but they later dropped back to close just 23 cents above their initial offering price. Mark Gregory reports from New York.
Widespread predictions that Facebook shares would soar in value on the first day's trading turned out to be wrong. The shares rose just 23 cents - a gain of about 0.5% - after a
volatile
session. It's early days yet, but this won't be seen as a good start. It could suggest investors don't believe that Facebook is really worth the $104bn its opening valuation set.
World leaders are gathering for talks in the United States expected to be dominated by the crisis in the eurozone. President Obama, the host of the G8 summit at Camp David, has already said he wants to focus on measures to promote growth. That policy is shared by the new French President Francois Hollande, who's had his first meeting with Mr Obama. Paul Adams reports from Washington.
This was President Obama's first opportunity to take the measure of the new French leader. He said he was looking forward to discussing what he called a responsible approach to fiscal consolidation
coupled with
a strong growth agenda. For his part, Mr Hollande said as he has before that growth must be a